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Salzgitter AG

euro adhoc: Salzgitter AG
Mergers - Acquisitions - Takeovers
Salzgitter AG to take a stake in Klöckner-Werke AG

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Contracts
08.03.2007
Today Salzgitter AG Stahl und Technologie, Salzgitter, has signed a
contract with WCM Group, Frankfurt am Main, to acquire a 78 % stake
of Klöckner-Werke AG, Duisburg. As part of the deal, Salzgitter AG
will also acquire a 71 % stake in RSE Grundbesitz und
Beteiligungs-AG, Frankfurt am Main. The transaction price is subject
to a confidentiality agreement and will not be published.
Klöckner-Werke AG is an industrial holding with globally operating
subsidiaries. The mainstay of its business operations is KHS AG,
Dortmund, which produces filling and packaging equipment in Germany,
The United States, Brazil, Mexico, India and China. Other activities
are in mechanical engineering, robotics and automation technology. In
financial year 2006, sales exceeded EUR 870 million. Klöckner Group
has a global workforce of more than 5,000 employees.
With this acquisition, Salzgitter AG is entering a prospering, and
less cyclical market holding strong future potential and is thereby
further increasing the Group's diversification. The combined
capabilities of Klöckner-Werke AG and the successful and globally
operating Salzgitter Group will open up synergies and future
potential for both corporations.
The acquisition is subject to the approval of the boards of the
parties involved and the respective anti-trust authorities.
end of announcement                               euro adhoc 08.03.2007 08:46:33

Further inquiry note:

Bernhard Kleinermann
Tel.: +49 (0) 5341-21-3783
E-Mail: kleinermann.b@salzgitter-ag.de

Branche: Iron & Steel
ISIN: DE0006202005
WKN: 620200
Index: MDAX, CDAX, HDAX, Midcap Market Index, Classic All Share,
Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
Niedersächsische Börse zu Hannover / official dealing

Original-Content von: Salzgitter AG, übermittelt durch news aktuell

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